Palladium Rises On S&P Downgrade

Reuters India reported palladium and other precious metals rose after Standard & Poor’s threatened to downgrade the Eurozone’s credit rating.

As quoted in the market news:

Palladium rose 5.6 percent to $665.47, after touching a three-week high.

Short-covering helped boost palladium prices after Monday’s losses. Encouraging November U.S. auto sales underpinned demand of the autocatalyst metal after it had lost as much as 15 percent in the last 20 days.

Click here to read the full Reuters India report.